Didi thought that it could sit back and relax after going public, after all, there is no precedent for forced delisting, unless it is financial fraud or poor performance. But unexpectedly, it was soon investigated, and the storm had just begun.
In China's ride-hailing market dominates, Didi is indeed a high-quality stock, after the listing, the market value once exceeded 80 billion US dollars, after a month of decline, is now stable at more than 42 billion US dollars. There is no doubt that investors are waiting for the final results of the investigation, and Didi's stock price will surely usher in a big shock at that time.
New user registration was suspended, and the impact was not small. China has once again ushered in the online car war, from the data of major platforms, Didi's opponents are robbing users in the form of low prices, subsidies and so on. In particular, Meituan, which has hundreds of millions of users and abundant funds, has seized the opportunity to launch another impact on Didi.
In addition to the evaporation of market value and the robbery of the market, everyone is most concerned about the results of the investigation of Didi, although it has not yet come out, but the market rumors are already flying. Just yesterday, some media said that Cheng Wei and Liu Qing were investigated, which immediately triggered an online controversy.
<h1 class="pgc-h-arrow-right" data-track="5" > Cheng Wei and Liu Qing investigated? Didi responded strongly</h1>
On August 12, the Hong Kong media "South China Morning Post" said that Didi co-founder and chairman Cheng Wei, president Liu Qing and senior vice president Zhu Jingshi were being investigated by regulators, and the results of the investigation may lead to a change in Didi's management.
Didi quickly responded to the rumors: the rumors about the management change were false news. Didi means it's still cooperating with cybersecurity reviews, which are all rumors. Interestingly, the South China Morning Post has long been acquired by Alibaba, which is one of Didi's shareholders, and its CEO Daniel Zhang is still a director of Didi.
Cheng Wei, Liu Qing and Zhu Jingshi are the three most core executives of Didi, and Cheng Wei is the founder of Didi and the person who laid the foundation. Liu Qing only joined in 2014, became the president of Didi in 2015, Liu Qing joined, immediately to Didi to invest, replenished ammunition, Liu Qing to Didi is not small contribution. Zhu Jingshi is Liu Qing's colleague at Goldman Sachs, and she also pulled into Didi, it is understood that Zhu Jingshi raised 3 billion US dollars for Didi in only 30 days, which shows that its energy is not small.
All three are board members, and after Didi's listing, Cheng maintained 6.5% of the shares, Liu Qing held 1.6% of the shares, and Zhu Jingshi and other executives held 1.8%. If all three of them were replaced, it would really be a big shock.
In fact, if Didi really has a data security problem, then who is responsible? It must be the highest level leader of Didi, so there will be such rumors, but the results of the investigation have not come out, everything is just speculation.
<h1 class="pgc-h-arrow-right" data-track="11" > three rumors, all of which hit the spotlight of public attention</h1>
In addition to the rumor of the change of management, there were two rumors before, one is that Didi will be privatized, and the other is that Didi will hand over data ownership, for these three rumors, Didi's attitude is very resolute, all deny.
If Didi is privatized, it means delisting from the United States. According to the regulations, enterprises can take the initiative to delist, but it is not so easy to delist, first of all, the need to buy back the shares of investors, this money is not small, after the listing of Didi, the market value evaporated so much, investors are undoubtedly loss-making, they must get more compensation before they are willing.
Secondly, to obtain the consent of all shareholders, for Didi, shareholders can not agree, originally led by SoftBank shareholders to ask for a surprise listing, although the market value has evaporated a lot, but still not low. Therefore, if it is not a mandatory requirement, Didi will not be delisted.
Regarding Didi handing over data ownership to a third-party company, that is, the state-owned enterprise Weishitong, this is possible. Didi holds hundreds of millions of Chinese people's travel data, which involves national security issues and is handed over to third-party companies to manage, which is safer and more reliable. But even if it is not handed over, the data of Didi in the future will be strictly regulated.
In fact, these three rumors have cut to the focus of public attention, whether the listing will be delisted, how to deal with the data, and whether the executives are responsible, but these must wait until the results of the investigation to know, the current rumors are indeed unreliable.
Although it is unreliable, but there are many rumors, it can also affect the decline in stock prices, which should be what competitors want to see, so where do the rumors come from?
<h1 class="pgc-h-arrow-right" data-track="18" > the investment lineup behind Didi is very luxurious</h1>
If you look at the shareholding ratio, Didi does belong to a foreign-funded enterprise, its largest shareholder, Japan SoftBank, holds 20.1% of the shares, and the second largest shareholder, Uber, holds 11.9% of the shares.
You should know that in the list of "Top 500 Chinese Enterprises" released by the China Entrepreneurs Association every year, Ali and Tencent have never been seen, because their largest shareholders are foreign investors, so they are listed as foreign-funded enterprises, and Didi is now in the same situation.
However, the investment lineup behind Didi is very luxurious, in addition to foreign capital, there are many "national teams", Bank of Communications, China Investment Corporation, CITIC Capital, China Post Capital, Poly Capital, Chinese Life and so on.
It can be seen that the reason why Didi can develop so smoothly is because there are Internet giants such as Ali and Tencent, strong foreign investors such as SoftBank and Goldman Sachs, so many national teams, and so many people sharing the cake of online ride-hailing, so Didi still has opportunities in the future.